American National Bank Buys 6,668 Shares of NextEra Energy, Inc. (NYSE:NEE)

American National Bank grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,253 shares of the utilities provider’s stock after acquiring an additional 6,668 shares during the period. NextEra Energy accounts for 1.2% of American National Bank’s holdings, making the stock its 29th biggest holding. American National Bank’s holdings in NextEra Energy were worth $7,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Border to Coast Pensions Partnership Ltd boosted its stake in shares of NextEra Energy by 29.6% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 1,202,195 shares of the utilities provider’s stock valued at $92,666,000 after purchasing an additional 274,371 shares in the last quarter. Appleton Partners Inc. MA boosted its stake in shares of NextEra Energy by 3.3% during the first quarter. Appleton Partners Inc. MA now owns 13,360 shares of the utilities provider’s stock valued at $1,030,000 after purchasing an additional 432 shares in the last quarter. Trust Co. of Virginia VA boosted its stake in shares of NextEra Energy by 14.0% during the first quarter. Trust Co. of Virginia VA now owns 8,776 shares of the utilities provider’s stock valued at $676,000 after purchasing an additional 1,075 shares in the last quarter. Central Bank & Trust Co. boosted its stake in shares of NextEra Energy by 2.7% during the first quarter. Central Bank & Trust Co. now owns 5,511 shares of the utilities provider’s stock valued at $425,000 after purchasing an additional 143 shares in the last quarter. Finally, Mission Wealth Management LP lifted its position in NextEra Energy by 9.7% during the first quarter. Mission Wealth Management LP now owns 36,563 shares of the utilities provider’s stock valued at $2,818,000 after acquiring an additional 3,230 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 0.6 %

Shares of NextEra Energy stock opened at $68.24 on Tuesday. The stock has a market cap of $138.10 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.53 and a quick ratio of 0.45. The firm has a fifty day moving average price of $69.78 and a 200 day moving average price of $73.42. NextEra Energy, Inc. has a 1 year low of $65.36 and a 1 year high of $88.61.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, July 25th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. The company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $6.68 billion. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. During the same quarter last year, the business earned $0.81 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post 3.12 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Wednesday, August 30th were given a dividend of $0.4675 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.87 annualized dividend and a yield of 2.74%. NextEra Energy’s dividend payout ratio is presently 46.29%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NEE shares. Guggenheim decreased their target price on shares of NextEra Energy from $92.00 to $86.00 in a research report on Friday, July 7th. The Goldman Sachs Group started coverage on shares of NextEra Energy in a research report on Wednesday, June 7th. They set a “buy” rating and a $90.00 target price for the company. StockNews.com assumed coverage on shares of NextEra Energy in a research report on Thursday, August 17th. They set a “hold” rating for the company. JPMorgan Chase & Co. decreased their price target on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, August 30th. Finally, Royal Bank of Canada decreased their price target on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.90.

Insider Activity at NextEra Energy

In related news, Director Kirk S. Hachigian bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $1,019,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Kirk S. Hachigian bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $1,019,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Lawrence Camaren bought 4,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $67.85 per share, for a total transaction of $271,400.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at $542,800. The disclosure for this purchase can be found here. 0.18% of the stock is owned by company insiders.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.